What is a Bank Reconciliation Statement?
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A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals and other activities affecting a bank account for a specific period.May 21, 2020
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- What is a Bank Reconciliation Statement?
- Answer : Bank Reconciliation Statement is a statement prepared mainly to reconcile the difference between the 'Bank Balance' shown by the cash book and pass book.
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